CONCENTRATED SOLAR POWER MARKET ANALYSIS

Market Challenges And Opportunities

Global Concentrated Solar Power Market Opportunities

• Increase in the number of government projects and programs

The Feed-in Tariff (FIT) scheme allows homes, communities, company owners, and private developers to generate renewable energy and sell it to the province at a fixed contract price for a set period of time. The FIT price is the amount paid per kWh of power delivered to the provincial grid under a FIT contract. The cost of producing power varies depending on the renewable energy technology employed and the size of the project. Feed-in Tariff schemes were developed in countries such as Canada and the United States in 2009 to encourage the development of renewable energy technology and attract investments to lessen the increased reliance on fossil fuels through means of phasing out coal-fired plants. As a result, the continued expenditures and dedication to development as growth.

In recent years, there has been a shift toward the usage of localized energy purchase. Various government organizations in countries such as India have used community choice aggregation (CCA) policies to acquire renewable energy resources on behalf of their people while retaining their existing power provider for transmission and distribution services.

• Increase in the number of government projects and programs
• Huge Investments

Global Concentrated Solar Power Market Restraints

• Huge Investments

Infrastructure development for the development of new renewable resources requires sizable upfront investments.  These expenditures raise the price of supplying renewable electricity, particularly in the beginning. The first step for the developers is to identify sites that are acceptable to the public, have good resources, and have access to transmission lines. Finding a potential solar site and evaluating its suitability takes several years of observation. Additionally, workers must receive training on how to install, use, and maintain the new technologies. Before their performance can be optimized, some renewable energy sources need to have operating experiences in specific climatic conditions. During the forecast period, all of these factors are expected to impede the growth of the global market for concentrated solar power.